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From Larry Kudlow:
...when the president says economic growth has had a positive impact on the budget, he's right again. Tax receipts are growing around 14 percent for the second straight year, the biggest gain in a quarter of a century. Income-tax collections, bolstered by the success of owner-operated business entrepreneurs and other self-employed, are helping lift these revenues. These folks, who prefer unincorporated Subchapter S or limited-liability company partnerships, are the ones who show up in the household survey of employment - which is at a record high.
Meanwhile, non-withheld revenues from lower-taxed capital gains and dividends are paying for themselves. Total tax receipts in 2006 will come in around $2.4 trillion, roughly $400 billion above the tax-collection peak of 2000.
Yet another thing MSM won't tell you about.
See also these previous posts:
The GWB Tax Cuts Worked: Tax Cuts Power Growth in Consumer Wealth *and* Cut Deficit
The GWB Tax Cuts Worked: More Great News on the Economy
The Tax Cuts Worked-Economic Expansion: Year Five
The Bush Tax Cuts Have Resulted in Higher Tax Revenue
Lower Taxes Make the Economy Stronger
Lower Tax Rates Are Resulting In Higher Tax Revenue
A Myth Debunked: Bush Tax Cuts Did Not Favor the Rich
Tax Cuts Work: Government Forecasting Incorrectly Thought Tax Costs Would Reduce Tax Revenue
